Sask. housing market to remain competitive in 2026: Realtors Association

Despite “for sale” signs across Regina, Saskatchewan remains a seller’s market, with some of the most affordable home prices in Canada. Damian Smith reports.

Heading into 2026, the housing market in Saskatchewan remains competitive across the province, coming off of one of its strongest years ever - according to the latest report from the Saskatchewan Realtors Association.

“December really mirrored a lot of what we saw throughout 2025, which was strong sales, high demand, and continued tight inventory,” said Tyler Hudy, the vice president of communications and public affairs with the Saskatchewan Realtors Association.

“We ended December with nearly 800 sales in Saskatchewan across the province, which was close to a record and is just a continuation of a very strong 2025 where we continue to see high sales.”

Realtor Craig Adam with RE/MAX Crown Real Estate says that sales are a bit quieter right now due to it being winter but thinks that 2026 will be another tough year for buyers.

“We had a lot of competition in the last year or two where we’re seeing multiple offers, where a lot of houses were going at asking price or over,” he explained. “So that’s where buyers really need to get educated in the market and understand what’s happening, understand the true values of what’s going on and kind of keep your nose to the grindstone of what’s happening.”

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The residential benchmark price for a home in Saskatchewan stands at $359,000 in the month of December.

Hudy said he sees a stark difference in Regina compared to other cities.

“We have places like Calgary who are saying that they’re in the middle of a transition where they’re not seeing strong sales,” he said. “In places like Toronto, I think you see the combination of an oversupply of things like condos that are really making supply broad and accessible, but also very expensive.”

“Saskatchewan is an outlier in that space. We are seeing a little bit of increase in price due to the low supply, but it’s still more affordable than anywhere else in the nation.”

Some smaller cities in Saskatchewan continue to see an increase in prices, with Melville reporting the strongest monthly benchmark price growth at nearly 16 per cent. Yorkton follows at 14.3 per cent, Swift Current at 11.9 per cent, Humboldt at 10.6 per cent, and Moose Jaw at 8.1 per cent.

“When you look at those cities like Melville, Humboldt, or even outside of Saskatoon, where the BHP Potash Mine is going to be located, you’re seeing people move there because of the opportunity, less so because of the price,” Hudy said.

According to Adam, December was the 29th straight month of increased sales. He advises buyers to educate themselves, heading into spring where sales start to pick up.

“Prices have gone up in the last two to three years, and we anticipate that those prices are going to continue to rise,” he said. “So, get educated in the market and understand the values. A lot of times, buyers have this expectation of where they want to be or what they want to pay. But the reality is that their dollar might not be able to get them that far. So, manage your expectations and make good decisions.”

Currently, inventory is still considered to be very low across the province. Larger cities such as Saskatoon and Regina are both considered to be very low, with Regina at 349 units and Saskatoon at 439.